As of 11am February 25th, billing is now re-enabled.

On Feb 24, 11:30 pm, App Engine Team <appengine.nore...@gmail.com>
wrote:
> At 3pm February 24th, we have temporarily disabled billing on all App
> Engine applications in the wake of the unexpected morning outage.
> While billing is disabled, your application will continue to use up to
> your existing budget values, but we will not issue charges as a result
> of that usage. We will also not be charging for resource usage before
> and during the outage on the 24th.  We will update this thread once
> billing has been re-enabled.

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